What is an American Currency Quotation?

An American Currency Quotation tells us how many US dollars it would take to purchase a unit of another currency.
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An American Currency Quotation tells us how many US dollars it would take to purchase a unit of another currency. For example, an American Currency Quotation for the British Pound could be $1.31. With this quotation, 1000 units of the British Pound would cost $1,310 US Dollars.

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